Kyt Dotson
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FalconX, a digital asset platform and crypto brokerage for institutional investors, today announced it has raised $150 million in a late-stage funding round, more than doubling its valuation to $8 billion. Investors GIC and B Capital co-led the Series D funding round, …
ConsenSys launches beta of NFT tool to enable end-to-end Web3 tooling
ConsenSys Software Inc., a blockchain technology startup focused on Ethereum, today announced the launch of NFT application programming interface for its Infura blockchain development tools suite that will help developers rapid create, customize and deploy nonfungible tokens. Nonfungible tokens represent proof of …
Solana-based NFT marketplace Magic Eden raises $130M at $1.6B valuation
Magic Eden, the largest nonfungible token marketplace for the Solana blockchain by market share, today announced that it has raised $130 million in new funding to expand its operations. Electric Capital and Greylock co-led the Series B round, with Lightspeed Venture Partners, …
Mark Zuckerberg reveals Meta’s research tech behind future VR breakthroughs
Meta Platforms Inc.’s virtual reality division Reality Labs is working hard on the next evolution of its VR headsets, unveiling a number of new prototypes that the company said will help it with new technology towards the goal of building more immersive …
NFT infrastructure platform startup NFTPort raises $26M
Estonian nonfungible token infrastructure startup NFTPort said Wednesday that it raised $26 million in new funding co-led by Taavet+Sten and Atomico. The Series A round was also joined by Sparkle Ventures, IDEO CoLab Ventures, Filecoin creator Protocol Labs, Polygon co-founder Jaynti Kanani …
Report: Three Arrows Capital may be facing insolvency amid crypto crash
Major crypto venture capital fund Three Arrows Capital Ltd. is facing possible insolvency after suffering almost $400 million in liquidations from lenders, according to a report today from The Block. Speculation about the firm’s potential insolvency has been swirling on social media …
Coinbase to cut workforce by 18% amid crypto market downturn
Cryptocurrency exchange Coinbase Inc. is reducing its staff by 18% as part of a restructuring plan due to the beginning of a recession and the anticipated extended “crypto winter.” “Today I am making the difficult decision to reduce the size of our …
Crypto lender Celsius pauses withdrawals, citing market volatility
Celsius Network LLC, a major U.S. cryptocurrency lending company, has suspended withdrawals and transfers citing “extreme” conditions, during a downturn affecting the prices of bitcoin, Ethereum and other currencies. “We are taking this necessary action for the benefit of our entire community …
Orderly raises $20M for decentralized crypto exchange on the NEAR protocol
Orderly Network, a decentralized cryptocurrency exchange built on NEAR, said today that it has raised $20 million in new funding to expand its ecosystem and recruit more people for its team. The strategic funding round was joined by crypto venture capital outfits …
Android 13 Beta 3 builds in further large-screen support and app compatibility
Google LLC’s Android team released Android 13 Beta 3 today, which brings the beta test of its mobile operating system into its final phase of platform stability — a milestone that means developers can expect all app-facing behaviors will remain final until full …